Gold Movement
Gold prices traded higher by 0.48% against the USD in the 24 hour period ending 23:00GMT, at 1,535.90 per ounce, as lackluster US growth and no sign of tighter policy by the Federal Reserve weighed on greenback.
In the Asian session at 3:00GMT, gold is trading at USD 1534.20 per ounce, 0.11% lower from 23:00GMT.
The pair is expected to find its first short term resistance at 1,540.31, with the next resistance at 1,546.42. The pair is expected to find support at 1,526.14 and subsequently at 1,518.08.
The yellow is trading just above its 20 Hr and 50 Hr moving averages.
